Michael Reilly On May 6, representatives of Taiwan’s Alishan Forestry Railway and Switzerland’s Matterhorn Gotthard Railway signed a “sister-railway” agreement in Taipei. Aimed at boosting technical cooperation and sharing marketing expertise between the two mountain railways, such an agreement would normally pass by unremarked outside railway circles and the local tourism industry. Indeed, the Alishan railway already has two …

It’s the bread and butter of pundits to speculate what the world might look like after a relatively improbable but potentially disruptive event, like the U.K.’s exit from the European Union or a Donald Trump victory in the U.S. presidential election. The perceived probability of these “black swan” events is pretty high, after all, and contingency plans may be in …

  BLOOMBERG Stocks rose around the world, as the bearish sentiment that has set the tone on equities markets the past two weeks eased amid a rebound in base metals. The yen declined a second day and Brazil’s real advanced. The MSCI All Country World Index climbed the most in three weeks, with U.S. equities climbing the most in a …